Finance: New SEC Rule 192: Prohibition Against Conflicts of Interest in Certain Securitizations

Alston & Bird represented JPMorgan Chase Bank N.A. as sponsor, originator, administrator, and servicer; Chase Card Funding LLC as depositor and transferor; and Chase Issuance Trust as issuing entity on the public securitization of approximately $1.5 billion in credit card receivables. The securitization consisted of Class A (2025-1) notes issued by Chase Issuance Trust and rated AAAsf by Fitch Inc. and AAA(sf) by S&P Global Ratings. J.P. Morgan, Barclays, CastleOak Securities L.P., Mischler Financial Group Inc., Scotiabank, Siebert Williams Shank, and TD Securities were the underwriters for the SEC-registered issuance, which closed on July 25, 2025.

Alston & Bird has boosted its Finance Group and Structured & Warehouse Finance Team by adding partner Boong-Kyu (B.K.) Lee in New York. B.K. focuses his practice on advising issuers, underwriters, and financial institutions on a wide range of structured finance transactions, including public and private securitizations across key asset classes.

Alston & Bird announces the election of 23 lawyers to its partnership, effective January 1, 2023. The new partners span eight U.S. offices and 15 practice groups.

Alston & Bird has expanded its London finance practice with the addition of James Fisher as partner. Fisher arrives from Reed Smith LLP, where he was a structured finance partner representing corporate trustees and agents on the full range of financial products, both cross-border and domestically.

Six Alston & Bird attorneys – James Alexander, Christina Anderson, Marva Graham, Marcus Sandifer, Elliot Watts, and Jamila Williams – have been named by The National Black Lawyers to its 2019 class of the “Top 40 Under 40.”